|
Posted August 11, 2009 (08:23PM)
New to board, not new to trading. I mostly trade IC's on the SPX, or credit spreads if I feel that there is a reliable trend. Recently I entered into an IC on SPY where I:
Sold 50 AUG 105 Call
Bought 50 AUG 107 Call
Sold 50 AUG 90 Puts
Bought 50 AUG 87 Puts
Total credit of $1.11
I entered this trade about two weeks ago, expecting a sideways/mild upward trend into August. Technical analysis is a key aspect in my trading strategy. Time Decay has been working in my favor and right now I'm up about 5%, with SPY holding steady around $99. Trades like this can be expensive due to commissions, and even more costly when you are forced to adjust. However the more capital you have, the farther out you can create a position and thus reduce your exposure.
Having the appropriate capital, I generally realize around a 7% return every three weeks and am able to sleep comfortably.
Still learning, always learning. Would love to connect with some other IC traders and share thoughts, later-
Nash
|
